#state budget

Disy leader Annita Demetriou lambasted the government on Wednesday, saying its proposed budget did not rise to the challenges of the day and contained “inelastic spending, horizontal rises and untargeted ...

The chamber of commerce’s Limassol branch (Evel) has criticised next year’s state budget, saying only three of its main infrastructure projects concern the city. According to the chamber, ...

The Cyprus economy is forecast to grow next year despite the economic headwinds amid ongoing crises abroad, the finance minister said on Monday presenting the state budget for 2027. Makis Keravnos ...

Now and again there are news stories that cross a person’s desk that have no connection to each other but reveal an underlying mentality that speaks volumes. On Sunday, ...

The Fiscal Council has warned that Cyprus’s public wage bill remains one of the clearest strains on the state budget, even as it described the economy as broadly resilient. ...

Although the Cypriot economy has proved resilient to external shocks, posting positive growth numbers and low unemployment, it remains vulnerable to latent blind spots, the Fiscal Council said on Thursday. ...

Finance Minister Makis Keravnos on Thursday said that the state will operate with a budget surplus “for the third consecutive year” next year, as he presented next year’s state ...

Finance Minister Makis Keravnos presented the 2027 state budget to the council of ministers on Wednesday. Considering this is the state budget with which President Nikos Christodoulides will seek re-election, it ...

MPs on Thursday squabbled over the state of the energy sector, even dredging up the 2011 deadly explosion at Mari naval base which took the nearby power station offline. The row ...

Elam has moved to strip funding from bicommunal education and migration programmes through a series of amendments to the 2026 state budget on Wednesday. As parliament prepared for a final vote ...

Finance Minister Makis Keravnos expressed confidence on Monday that the 2026 state budget will be approved by parliament. Speaking after signing a tax avoidance agreement with Vietnam, Keravnos said he expects ...

During 2026, the government intends to continue its policy of returns of irregular migrants while at the same time pursuing efforts to integrate lawful migrants into Cypriot society, the deputy minister ...

The 2026 budget for the state aid ombudsman has increased by €129,852, bringing total planned expenditure to €703,280, commissioner Stella Michaelidou told the House Finance Committee on Monday. Committee members welcomed the recent ...

Opposition parties on Monday generally gave the thumbs-down to government policies as elucidated in the state budget for 2026, noting that although some key economic indicators are positive, these do not ...

Returning to the European Commission the €67 million linked to the stalled LNG project will not “derail” this year’s state budget, the government spokesman said on Thursday. Last week it ...

Government budgets are the main instrument of economic policy that determine how resources are to be allocated and collected from various interest groups. On Wednesday, MPs voted to approve the ...

On the final day of the debate of the state budget, a group of students gathered outside the House of Representative to protest against the cuts to their financial aid. ...

After a heated three-day debate, the state budget on Wednesday was voted through in parliament, with the backing of Disy, Diko, Elam, Edek, Depa and independent MP Andreas Themistocleous. The ...

The government “has no policy that comprehensively addresses the elderly’s issues”, Disy MP Rita Superman said on Tuesday. Speaking on the second day of the parliamentary debate on the ...

President of the Fiscal Council Michalis Persianis made a revelation at the House finance committee on Monday during the discussion of the 2025 state budget, that was largely ignored. He said ...

Trade union Pasydy on Monday expressed their fury at the omission of a previously touted second phase of construction of a new psychiatric hospital at Athalassa from government plans to ...

The government on Thursday submitted to parliament the state budget for fiscal year 2025, with projected total expenditures of €12.9 billion and revenues of €10.3 billion. Direct and indirect taxes account for €8.48 billion, ...

Cabinet on Friday approved the state budget for 2025 and the government’s medium-term fiscal framework for the three years between 2025 and 2027. Speaking after the day’s cabinet meeting, Finance Minister ...

Finance Minister Makis Keravnos emphasized on Friday that initial steps have been taken to appoint experts for a study on the state payroll, with further updates expected after the holidays. ...